BREAKING NEWS ON BITCOIN: A MUST READ
On August 1, at precisely 12:20 UTC, a postulated claim says that bitcoin will split creating a new cryptocurrency called "bitcoin cash".
The big question is what does this imply and what exactly is "bitcoin cash" again how does "bitcoin cash" differ from bitcoin?
WHAT IS BITCOIN CASH (BCC)?
Bitcoin Cash is a new cryptocurrency denoted as 'BCC'. A group of infleuntial miners, developers, investors and users who are against agreed consensus (aka BIP-91 or SegWit2x) have decided to fork the original Bitcoin blockchain and create a new version called "Bitcoin Cash"
What this means is that All current bitcoin holders will automatically own a bitcoin cash. In other words, unlike altcoins, bitcoin cash's transaction history would be the same as bitcoin's.
WHY BITCOIN CASH?
There are few reasons users and mining pools might like to break off from bitcoin:
- These users want an increase in bitcoin's block size parameter, and believe that the cryptocurrency's future depends on it
- SegWit is likely going to activate soon and some users want to avoid the features.
Feel Free to add your observation or contributions.
BCC will get dumped soon
I hope so. I believe it's mission is selfish.
It won't last
true.Lets follow each other
Ok. I just followed you now.